Chase Sapphire Preferred® Card Rejected

[bobnathan0295]

Both I and my spouse were rejected for Chase Sapphire Preferred Card applications

I have 2 negatives on Chase cards 18 months ago. I had two 120 day lates. My partner has a clean record with Chase (has a 120 day late with Citi). Both of us have 720+ credit scores.

Any advice

[Jnbmom]

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@bobnathan0295 wrote:

Both I and my spouse were rejected for Chase Sapphire Preferred Card applications

I have 2 negatives on Chase cards 18 months ago. I had two 120 day lates. My partner has a clean record with Chase (has a 120 day late with Citi). Both of us have 720+ credit scores.

Any advice

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Unfortunately you have negative history internally with chase 120 days late is a serious lateness, the only  thing that will help is time . As with your wife again 120 days late is a serious lateness and chase didn't approve because of that, so time is really the only think you can do unless you can try to GW the lates but that usually does not fare well with chase or citi.

[Priory_Man]

The 120 day late is going to hurt for a while sadly, that is a pretty major ding. I think you will have to give this card a miss for a year or so until that 120 day gets a bit more age on it.

[bigseegar]

Yep Chase doesn't like Lates (or Negatives period really) but especially when they are 120 days as that's a major late payment and on top of that yours is actually with them. Along with y'all are applying for one of their Top Tier cards as well. Going to be quite a while before they'll approve you for that card I would think. I'm alos surprised with mulitple 120 Lates even at 18 months as that isn't that old that your scores are 720. Be thankful for that but creditors look at the entire picture not just scores.

[SDMarik]

That 120 is going to hurt you for a while, as others have said the only option is to let that age. The 120's you have on Chase are probably going to prevent an approval for quite some time, depending on how old your partners is would influence how long they have to wait. If you want a quick DP, one of my co-workers had a 120 on his file (not with Chase) that was 5 years old when he applied for a CSP and he got approved.

[coldfusion]

Recon!

With the 120 day lates you'd need to do a Top Tier sales job to convince an analyst you're worth the risk but your only investment would be the time spend on the phone.  There's nothing to lose by trying.

[TheRedHat]

Just curious. How many credit cards have you and your wife opened in the past two years prior to applying for the Chase Sapphire Preferred card?

[bobnathan0295]

we applied for 7-8 credit cards. Plus we had a mortgage approved 

[bobnathan0295]

I will try in another year

[bobnathan0295]

A nice idea: try on the phone instead of online

I will keep it in mind when I try next year